The dollar is selling 39 pesos to Posadas

This is the average value of the currency in the exchange offices of the missionary capital. Yesterday in Buenos Aires, the dollar fell 31 cents to 39.63 dollars, in agreement with the region.

In line with the region, the dollar fell 31 cents to 39.63 dollars and cut a series of five consecutive rises in the banks and agencies of the city of Buenos Aires, according to Ambito Financiero's average.

It was in tune with the free and open trading market (MULC), where the currency fell 50 cents to $ 38.55 after peaking at $ 39.11 at the start of the round.

The foreign exchange market followed the trend in Brazil, where the North American currency depreciated by 1.6%, and Mexico, where it returned 0.7%.

Overall, the Central Bank has placed $ 140.075 million in liquidity bills ("Leliq") with an average return of 61.25% per annum, the first increase (albeit slight) after 15 # 39; offers. The maximum granted after eight days was 61.691%.

Analyst Fernando Izzo, of ABC Mercado de Cambios, stressed that "if we take into account this offer, we warn that the investments of banks in this obligation have increased 49% more than it should, it is to say 46 140 million rate slightly higher. "

He added "by calculating that these pesos invested in Leliq would have remained in the circuit, the exchange rate would surely not have gone from $ 39".

In addition, the Ministry of Finance presented Treasury bills in pesos and dollars (maturities of 193 and 116 days respectively), as well as fixed rate national treasury bonds (BOTEs) expiring on 21 November. from 2020.

The North American currency operated with a mixed route that alternated increases and decreases but did not allow it to maintain the level reached until the day before. Prices exhibited marked fluctuations and volatility during much of the development of the wheel, reaching a relative trend set in the latter part of the session.

Peaks were recorded shortly after the start of the day when, due to an active demand push, prices reached $ 39.11. Then, the alternation of supply and demand marked the direction and evolution of prices but still below 39 dollars. $ 38.55.

The foreign exchange market is limited this week following the G20 summit that will bring together the world's leading leaders and will be held from Friday to Saturday in central Buenos Aires.

In this sense, the Central Bank has confirmed to dominio.com that it would be the single currency market and free (MULC) until 13 hours Thursday; Friday, there will be no public attention in the banks.

"Without the strong pressure of purchase that has characterized the past few days, prices have dropped slightly under the effect of an interesting improvement in the currency supply," said the l. badyst Gustavo Quintana.

He noted that "just days before the end of the week, dollar values ​​seem to have found a new range of fluctuation much further away from the non-intervention zone than that anticipated by badysts at the end of November ".

In the interbank money market, money money was exploited on average at 60%. In exchange for swaps, an amount of $ 163 million has been agreed to take and / or invest in pesos using dollar purchases for Wednesday and Thursday.

In the ROFEX futures market, US $ 1,725 ​​million was negotiated, more than 70% of which was agreed between November and December, with final prices set at $ 39 and $ 40,465, respectively; and 71% and 53.33% TNA.

In the informal market, meanwhile, the blue has dropped 50 cents to $ 38.50, according to the investigation on this support in the caves of downtown Buenos Aires. The "cash settlement" fell 13 cents to $ 38.59.

Finally, Central Bank reserves decreased by 147 million USD on Tuesday and amounted to 51,438 million USD.

SOURCE: Ámbito Financiero